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jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs out there, especially in pennsylvania, minnesota and michigan. three states that have been considered solidly democratic, but where the obama campaign is now suddenly playing defense, spending more than $1 million on tv ads for the final week. diane? >> also on the campaign trail, jonathan karl. thank you, jon. >>> and coming up here next, flammable gas leaking and it's not just a danger in the storm zone. look. our experiment tonight on this invisible threat. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can he
jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the country the folks that work in manhattan need their paychecks. we are seeing vehicles packing the gas stations that still have fuel. some waiting in lines that are miles long but patients is not long it is short and it is getting shorter by the day. trace gallagher following the traffic nightmare, trace. >> reporter: before i show you more of the crazy pictures megyn and they are crazy i want to give you the problem in a nutshell, the new york metro area gets 25% of its gas from two refineries, those refineries are shut down. the new york harbor 20% comes through the new york harbor it's shut do
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the...
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Nov 2, 2012
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their employers, worried, asking, is it true, are our jobs being shipped to china? and the reason they are making these calls is because governor romney has been running an ad that says so. except it's not true. >> reporter: nevertheless the head of fiat-chrysler confirmed exactly what the romney ad said that the company had intended to return jeep production to china, the world's largest automarket in order to satisfy local market demand. the controversy of course is touchy because getting bailed out by american tax dollars a company was deciding to create jobs somewhere other than in the u.s. but the administration rushe
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> reporter: but democrats cried foul and even fact checkers said while it was technically accurate, it was misleading. that prompted angry accusations from everyone up to and including president obama, as you mentioned earlier. listen. >> you've got folks who work at the jeep plant who have been calling their...
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back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the employee pension plans handing them off to the federal government. >> when my pension went from 2,500 $50 a month guaranteed to the federal government saying you'll get $385 a month. >> and you spend years and years making your financial plan for retirement and going through all the numbers and wanting to live like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphi's biggest auto parts customer gm and the obama administration's eagerness for a quick restructuring of the automaker, gm wanting labor peace agre
back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the...
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is nothing, but desperation and the closing message is false, erroneous jeep ad that everyone from gm and chrysler to every paper in the state has come out and said is untrue. i don't think a winning campaign closes by trying to scare people into voting for them. >> christy, and you're right when the ad first came out there was some inaccuracy there, but it was corrected and the bottom line is this: with the auto bailout it was suppose today create more jobs with chrysler. >> it did. >> chrysler now expanded its business to china. so actually the president talked about mitt romney putting jobs in china, when actually our tax dollars went to create more jobs in china. >> angela, that's not true. that's absolutely not true. as i said, everybody's who's debunked the ad, the romney campaign is looking to scare people and i can't imagine you'd do if you're winning in ohio. >> no, christy, in the ad, mitt romney says that chrysler was taking jobs from ohio. chrysler is expanding its business to china and creating jobs in china. >> angela, that's not near the ad-- >> let me jump in, seconds
is nothing, but desperation and the closing message is false, erroneous jeep ad that everyone from gm and chrysler to every paper in the state has come out and said is untrue. i don't think a winning campaign closes by trying to scare people into voting for them. >> christy, and you're right when the ad first came out there was some inaccuracy there, but it was corrected and the bottom line is this: with the auto bailout it was suppose today create more jobs with chrysler. >> it...
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Nov 4, 2012
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federal employees, and he put out for bid x number of car orders with the speck saying air bags, and gm didn't bid. chrysler didn't bid. ford bid. that break the ground. after that, they all came on board. if you use government procurement, and government buys almost everything we buy, plus, submarines and missiles that we don't buy, but they buy paper. they buy food. they buy construction materials. they buy energy. they buy food, as i said, food, they buy motor vehicles. they buy equipment of all kinds that we use. why can't they spur the innovation, create the new civilian markets by upgrading their specifications? you know, a lot of companies want to sell to the government. if they have to sell upgraded consumer, safer, environmentally benign products, they are more likely to turn to the civilian customers. the person who had that idea early was the greatest environmentalist of the 20th century who just passed away, barry commoner. he told the pentagon 30 years ago if you buy photo for remote locations, you will spur innovation and you'll help create a civilian economy for much fast
federal employees, and he put out for bid x number of car orders with the speck saying air bags, and gm didn't bid. chrysler didn't bid. ford bid. that break the ground. after that, they all came on board. if you use government procurement, and government buys almost everything we buy, plus, submarines and missiles that we don't buy, but they buy paper. they buy food. they buy construction materials. they buy energy. they buy food, as i said, food, they buy motor vehicles. they buy equipment of...
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gm, the pistons and the u.s. government would buy back delco auto parts and give it back to general motors to put its parts back on. but the vultures had secretly bought up, including and particularly romney's syndicatee debt cheaply. that is how these guys operate. they buy have forgotten old debts for 20 cents on the dollar and they use that, those pieces of basically worthless garbage paper to a trick in the chapter 11 bankruptcy code to say we'll does, we own delphi and by the way, if you don't give us our money, $12.9 billion it was, $12.9 billion, we will cut off your parts and here is a "meant. this is a quote from romney syndicate. lee will shut you down. that is what they told the u.s. treasury, general motors, we will shut you down. by the way elliotts today, mr. singer's group said that they never threatened or shut down delphi. ballowe didn't. they threaten to shut down general motors and chrysler to put them out of business. i'm not talking bankruptcy. i'm talking about liquidation, demolish the plan
gm, the pistons and the u.s. government would buy back delco auto parts and give it back to general motors to put its parts back on. but the vultures had secretly bought up, including and particularly romney's syndicatee debt cheaply. that is how these guys operate. they buy have forgotten old debts for 20 cents on the dollar and they use that, those pieces of basically worthless garbage paper to a trick in the chapter 11 bankruptcy code to say we'll does, we own delphi and by the way, if you...
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as chrysler and gm have pointed out, jeep, which is a chrysler brand, and gm, also producing autos in northern ohio, aren't shrinking their production. they're expanding it. the obama campaign believes they have the facts and narrative on their side. talking to senior romney advisers last night, they don't regret making the charge but they did not anticipate the intensity of the obama reaction and the echo chamber it's created and believe it's been a net negative. >> that's interesting. let's talk about these state poll polls. we have new information that show obama with the lead in wisconsin, new hampshire and iowa. he has a five-point lead in ohio. you've been talking to team obama, his top officials. what do they make of these numbers? >> i was in chicago two days ago and they are supernaturally confident. >> supernaturally confident? >> yes. that's a normal place for the obama campaign, never anything other than supernaturally confident. >> overconfident? >> we'll find out. the way i would describe the obama campaign, they know their voter contacts, and if they know what they know
as chrysler and gm have pointed out, jeep, which is a chrysler brand, and gm, also producing autos in northern ohio, aren't shrinking their production. they're expanding it. the obama campaign believes they have the facts and narrative on their side. talking to senior romney advisers last night, they don't regret making the charge but they did not anticipate the intensity of the obama reaction and the echo chamber it's created and believe it's been a net negative. >> that's interesting....
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but it's chrysler and gm pointed out, jeep which is a chrysler brand and gm also producing autos in northern ohio aren't shrinking their production they are expanding it. so the obama campaign believes they have the facts and narrative on their side, talking to senior romney advisers last night they don't regret making the charge but they didn't anticipate the intensity of the obama reaction and the echo chamber that it's created in the free media, the publicity around it. >> that's interesting. let's talk about some of these state polls. they show obama waleed in wisconsin, new hampshire and iowa. and he has a five-point lead in ohio. you've been talk being to team obama, his top officials. what do they make of these numbers? >> i was in chicago two days ago and they are confident about the president's ability to win re-election. that's a normal place for the obama campaign. they are never anything other than superconfident. >> over confident? >> the obama campaign know their voter contacts and if they cho what they know they will win. but if they know is wrong they will lose. if everything
but it's chrysler and gm pointed out, jeep which is a chrysler brand and gm also producing autos in northern ohio aren't shrinking their production they are expanding it. so the obama campaign believes they have the facts and narrative on their side, talking to senior romney advisers last night they don't regret making the charge but they didn't anticipate the intensity of the obama reaction and the echo chamber that it's created in the free media, the publicity around it. >> that's...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to the italians who are going build jeeps in china. >> reporter: it's designed to peel working class americans away from the president but the idea that chrysler is moving jobs from ohio to china has been attacked as untrue. >> everybody knows it's not true. the car companies themselves have told governor romney to knock it off. >> reporter: friday's jobless report showed a slight increase in unemployment but at the same time a larger than expected number of jobs were created last month. while consumer confidence is the highest since february of 2008. romney was having none of it. >> the president promised change. but he didn't deliver it. and i'm promising change and i have a record of achieving it. >> reporter: it was a reference to his one term as governor of massachusetts where romney currently trails the president by 32 points. still with unemployment at 7.9% this president will go before the voters on tuesday with the highest unemployment rate since franklin roosevelt in 1936 during the great depression. anthony?
. >> obama took gm and chrysler into bankruptcy and sold chrysler to the italians who are going build jeeps in china. >> reporter: it's designed to peel working class americans away from the president but the idea that chrysler is moving jobs from ohio to china has been attacked as untrue. >> everybody knows it's not true. the car companies themselves have told governor romney to knock it off. >> reporter: friday's jobless report showed a slight increase in unemployment...
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. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and play fast and loose with the f
. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says....
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industry is back, and i'm in toledo where there is a jeep plant and i was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this state has a republican governor like florida and virginia and wisconsin and who to you credit for this? most people talking about here are showing what the polls are showing a slight edge for obama. and the question is who goes otut vote and whout to vote, and what happen s s toe undecideds, because there are still some. >> and we will let the viewers know how it stands in ohio. i though you have to get back on the tour bus. appreciate your doing that for us. >>> and the key battleground state ohio, and no offense, florida, because we love you, too. but i want to let you know about a buckeye presiden
industry is back, and i'm in toledo where there is a jeep plant and i was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this...
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it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is evidence that this is 32 straight months of private sector growth, and you have mitt romney on the other side saying that it's a sad reminder that the economy is at a standstill. his own words. beyond the spin here, what do you think voters are hearing when they hear this number today, and does it even change their perception at all of how the economy is doing? to either one of you. >> suzanne, you know, the uptick is not great news for the obama campaign. it is still -- >> this is a 7.8% to 7.9%. >> that's the top line number that peop
it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is...
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. >> look where gm is now. if the government didn't step in, might not be working, might not have a job. >> here at gm's lordstown, ohio, plant, they're cranking out the chevy cruz. they're got from one shift of 100 workers to three shifts with 4500 workers today. but like most autoworkers these days, she felt the pain of the layoffs. >> how much does it play into politics for you in this election? >> it means everything. >> everything? >> everything. we're doing real well right now. >> her coworkers told us a similar story. who are you supporting for president? >> obama. >> why? >> because he's for the working class. and he helped with the bailout. >> it speaks about his dar character, speaks about his concern for us. >> in warren, ohio, some former autoworkers are angry. >> i was one of the innovators. bruce worked for delphi for 34 years, a senior engineer, nonunion. >> what did the auto bail out mean to you? >> the effect on me and my family is a loss of all my health care insurance, a loss of all my life i
. >> look where gm is now. if the government didn't step in, might not be working, might not have a job. >> here at gm's lordstown, ohio, plant, they're cranking out the chevy cruz. they're got from one shift of 100 workers to three shifts with 4500 workers today. but like most autoworkers these days, she felt the pain of the layoffs. >> how much does it play into politics for you in this election? >> it means everything. >> everything? >> everything. we're...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringi
the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right?...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until just a week before the election. >> as the ad itself says, major executives support governor romney and have point out people on the obama economic council are supporting mitt romney, because he does have a plan on day one to turn this country around in terms of jobs. and with the auto economy and everything else, you need to put people back to work. on day one, he is going to get the energy economy going and allowto allow us to have keystone pipeline opened up, and then he is going to increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own e
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until...
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gm says a "they are operating from a parallel universe" they called it. here is the thing they got -- they call the "campaign politics at its cynical worst." that is not for another political party -- that is not for me candidate. that is not a newspaper or a blog. it is from a spokesperson for general motors. ladies and gentlemen, and after i made this assertion, earlier today in sarasota, they rushed congressman ryan out there. seriously. congressman ryan came out and put out a statement or held a press conference. he said, the fact artifacts. by the way, the ultimate irony of this, the ultimate irony of this is, whenever the president talked about romnesia. it is contagious. congressman ryan has caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. before he saw romney. he said, these are the facts. he is asserting the ad factually true. let me tell you the facts. the facts are, congressman, 1 million people are worker would not have been. 200,000 new jobs. governor romney wrote an editorial called "let
gm says a "they are operating from a parallel universe" they called it. here is the thing they got -- they call the "campaign politics at its cynical worst." that is not for another political party -- that is not for me candidate. that is not a newspaper or a blog. it is from a spokesperson for general motors. ladies and gentlemen, and after i made this assertion, earlier today in sarasota, they rushed congressman ryan out there. seriously. congressman ryan came out and put...
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. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has benefid. neil: we can disagree on some fine points. thank you. very good. >> you have to agree that it is one of the real successes of this administration that they have turned this industry around . neil: i don't know about that. i don't know. the cost, or, for example, the way that bondholders were treated in the way that we redid contract law. >> everybody has to sacrifice. neil: not everyone did. not veryone did. well, we make history. i love you dearly, but we did redo a couple of things. it is very good having you austin. i appreciated. >> good to see you again. neil: in the meantime i want to switc
. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has...
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and you talk about osama bin laden and he talked about gm and all of those kind of things yet people are saying don't run on the record, if it was a referendum on his record he will lose. >> well, i think the president talks about all of the things chris rock tweeted about in the convention, and in the campaigns communications, elections are about the future, not about the past and i think the most significant poll number in the last two weeks, i don't think you and i have discussed this is wall street journal, nb. c poll that asked do you want the president is re-elected what do you want it to be like. >> 60 percent say substantially different, over 20 percent said they would like it to be some what different,. >> rose: that is not surprising at all. i would expect that to be what they would say. so chris rock i think would be surprised by that. chris rock would say and the president would say, i did pretty well. the president said in one of the debates i want four more years to do what i have been doing. >> rose: here is what i don't understand. this is really, i have had this conv
and you talk about osama bin laden and he talked about gm and all of those kind of things yet people are saying don't run on the record, if it was a referendum on his record he will lose. >> well, i think the president talks about all of the things chris rock tweeted about in the convention, and in the campaigns communications, elections are about the future, not about the past and i think the most significant poll number in the last two weeks, i don't think you and i have discussed this...